Benchmark Raises TAT Technologies (NASDAQ:TATT) Price Target to $35.00

TAT Technologies (NASDAQ:TATT - Free Report) had its target price boosted by Benchmark from $30.00 to $35.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the aerospace company's stock.

Separately, StockNews.com raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Saturday, March 29th.

TAT Technologies Price Performance

NASDAQ:TATT traded up $0.11 during trading hours on Thursday, hitting $25.74. 95,408 shares of the company's stock traded hands, compared to its average volume of 30,153. The firm has a market cap of $281.54 million, a P/E ratio of 35.05 and a beta of 0.75. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $27.24 and its two-hundred day simple moving average is $24.10. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $38.00 million during the quarter, compared to analyst estimates of $38.00 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Remove Ads

Institutional Trading of TAT Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtus Fund Advisers LLC bought a new stake in shares of TAT Technologies in the 4th quarter worth approximately $29,000. IFP Advisors Inc bought a new stake in TAT Technologies in the fourth quarter worth $50,000. Morgan Dempsey Capital Management LLC purchased a new stake in TAT Technologies during the fourth quarter valued at about $103,000. JPMorgan Chase & Co. grew its stake in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after buying an additional 2,697 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of TAT Technologies in the fourth quarter worth about $368,000. Hedge funds and other institutional investors own 15.13% of the company's stock.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.